• This morning, yen pairs are pushing higher again after Japanese PM Abe put his reputation on the line by calling snap elections. Markets like the prospect of this, with both the Nikkei rising and yen pairs nudging higher as risk appetite increases.
• The EUR/JPY is once again one of the top performers, with the EUR/GBP building on yesterday’s strong performance.
• Meanwhile the Australian and New Zealand dollar are under pressure, reversing entirely the gains made yesterday.
Coming up today: • Coming up today, we have the release of the voting patterns from the last MPC meeting.
• From 13.30, we have the latest US building permits, followed by the FOMC meeting minutes at 19.00. Trade Idea:
• The EUR/JPY clearly has the wind behind it at the moment and this could continue until the weekend at least.
Disclaimer: This financial market report is intended for educational and information purposes only. It should not be construed as investment or financial advice and you should not rely on any of its content to make or refrain from making any investment decisions. The views expressed in this report are those of the author and do not necessarily reflect the views or position of Binary.com accepts no liability whatsoever for any losses incurred by users in their trading. Binary options trading may incur losses as well as gains.
Abe Puts His Reputation On The Line
Morning Report: 08.30 London
• This morning, yen pairs are pushing higher again after Japanese PM Abe put his reputation on the line by calling snap elections. Markets like the prospect of this, with both the Nikkei rising and yen pairs nudging higher as risk appetite increases.
• The EUR/JPY is once again one of the top performers, with the EUR/GBP building on yesterday’s strong performance.
• Meanwhile the Australian and New Zealand dollar are under pressure, reversing entirely the gains made yesterday.
Coming up today:
• Coming up today, we have the release of the voting patterns from the last MPC meeting.
• From 13.30, we have the latest US building permits, followed by the FOMC meeting minutes at 19.00.
Trade Idea:
• The EUR/JPY clearly has the wind behind it at the moment and this could continue until the weekend at least.
A good way to play this is a HIGHER trade predicting that the EUR/JPY will close above 147.50 in 2 days time. This could return 115% if successful.
Disclaimer: This financial market report is intended for educational and information purposes only. It should not be construed as investment or financial advice and you should not rely on any of its content to make or refrain from making any investment decisions. The views expressed in this report are those of the author and do not necessarily reflect the views or position of Binary.com accepts no liability whatsoever for any losses incurred by users in their trading. Binary options trading may incur losses as well as gains.
Summary:
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